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Mar 15, 2021 1:38 AM

Breakout Identified in AUDJPY Long

Australian Dollar/Japanese YenFXCM

Description

The Breakout Opportunities system has just bought AUDJPY at 84.713. The system recommends entering this trade at any price between 84.586 and 84.852. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.926, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 84.204 and a profit target has been set at the 1 Day ATR level at 85.269. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

Signal ID: 75353
Time Issued: Monday, 15 March 2021 01:20:16 GMT
Status: open
Entry: 84.586 - 84.852
Limit: N/A
Stop Loss: N/A

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Past Performance is not an indicator of future results.
Comments
selvakumrsj
Stop loss hit
r6emmildon
Thank you for the analysis!
diannezqeblin
alright your trades are quite good recently
beyattel
Are you confident of this trade FXCM?
erinvlipav
Interesting, thanks for your view on AUDJPY
stella_vsproul
interesting idea on AUDJPY... let's see if it works. I hope it does..!
cftxwwpme
thanks for the tips bro
berseedila
I am long on this pair too
gktekjna
Great!
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